What’s wrong with America? Plenty, according to the National Retail Federation, which just slashed its full year retail sales forecast ahead of second quarter earnings announcements from major retailers next month.
The strong sales momentum at Kirkland's during the holidays apparently held through January, as the retailer reported a big jump in same store sales for the fourth quarter.
Big name CPG companies Procter & Gamble and Kraft struggled to show growth with their recent quarterly results, but that wasn’t the case at White Wave Foods.
Sales in the convenience store industry advanced 2.7% during 2012, well below a prior year gain of 18.5%, as meaningful economic growth hampered results.
Overall economic growth in Europe is slower than the U.S., but the opposite is true when it comes to e-commerce sales, according to figures published by Internet Retailer.
The National Retail Federation released its 2012 holiday forecast on Tuesday, which shows sales increasing 4.1% to $586.1 billion, down from last year's 5.6% growth.